Sunday, February 12, 2017

The Sensex Outlook for the Week Starting 13-02-2017



There is no change in the near term outlook for the markets.The markets are favorably placed for further upsides from the current levels.
Remain long, keep adding to your longs on dips upto 28167. The trend will change to negative only with a decisive close below 27963.
In the absence of any shocks, the rally could extend itself to 28750-29000 also!
Date
13-Feb-17
Index
Sensex

Nifty
S2
28,196

8,751
S1
28,287

8,779
Previous Close
                                    28,334.25

              8,793.55
R1
28,359

8,801
R2
28,439

8,826
Fair Value
26,177

8,124

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